210
210
Dec 6, 2012
12/12
by
CNBC
tv
eye 210
favorite 0
quote 0
in a fiscal cliff free fall, tax rates on capital gains could rise to 24%. those dividends could increase to a whopping 44%. here now is former reagan economic adviser art laugher. how can you have capitalism without capital and why is there a war on capital, that includes cap gains, that includes dividends which will triple. it also includes the estate tax. why is there a war on capital? >> i have no idea, larry. i think it's just pure politics. but it's sort of lovely the words and looking them up. i understand that the french don't have a word for entrepreneur or laissez faire. [ laughter ] >> because they never use it. >> they never use it. economics is all about incentives. if you tax people who work, you pay people who don't work, don't be surprised if you find a lot of people not working. it's the rich issue here, which is just fascinating to me. if you tax rich people and give the money to poor people, you're going to get lots and lots of poor people and very few rich people. just look at what happened in britain two years ago when gordon brown raise
in a fiscal cliff free fall, tax rates on capital gains could rise to 24%. those dividends could increase to a whopping 44%. here now is former reagan economic adviser art laugher. how can you have capitalism without capital and why is there a war on capital, that includes cap gains, that includes dividends which will triple. it also includes the estate tax. why is there a war on capital? >> i have no idea, larry. i think it's just pure politics. but it's sort of lovely the words and...
199
199
Dec 3, 2012
12/12
by
CNBC
tv
eye 199
favorite 0
quote 0
with the fiscal cliff and tax rates rising, in november public companies borrowed reported amounts in the bond market in part to help finance shareholder payouts. so, how much in bonds was sold last month? find out next. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let'
with the fiscal cliff and tax rates rising, in november public companies borrowed reported amounts in the bond market in part to help finance shareholder payouts. so, how much in bonds was sold last month? find out next. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game...
158
158
Dec 10, 2012
12/12
by
CNBC
tv
eye 158
favorite 0
quote 1
the reason, well, the fiscal cliff. the current rate is 35%. only those estates worth 5 million or more have to file. if we go off the cliff the rate shoots up to 55%. anyone worth an estate worth $1 million or more has it file. that will catch tens of thousands of tax payers in the net of the estate tax. republicans want it abolished or current rates to be made permanent. obama wants 45% rate and 3.5 million cut off. that mid way between today's rates and old rate. the problem is that even some democrats are siding with republicans saying they want it keep current rates. all the sides here tyler remain very far apart. wealthy families need 20 rewrite their wills and charity plans. for the country, there are hundreds of billions of dollars at stake. under old rates, they raise $532 billion by 2021. obama plan raised around $270 billion, about half. gop raises about $161 billion. the fight over taxing the rich, especially in the estate tax, is far from over. back to you, tyler. >> not the first time the estate tax has come up in these kinds of n
the reason, well, the fiscal cliff. the current rate is 35%. only those estates worth 5 million or more have to file. if we go off the cliff the rate shoots up to 55%. anyone worth an estate worth $1 million or more has it file. that will catch tens of thousands of tax payers in the net of the estate tax. republicans want it abolished or current rates to be made permanent. obama wants 45% rate and 3.5 million cut off. that mid way between today's rates and old rate. the problem is that even...
97
97
Nov 8, 2012
11/12
by
CNBC
tv
eye 97
favorite 0
quote 0
the fiscal cliff. we've got some news on possible cuts by the ratings agencies. that is ahead. >>> and, you know the chart. down another $12 today. apple near bear market territory over the past two months, almost down 20%. now things just got a little worse and it all has to do with the iphone. are those lines about to vanish? sue is here with me today at headquarters in snowy ec. >> it's my lucky day. the countdown to christmas is on. you know it, i know it and perhaps more importantly the retailers know it. so with 46 days before the big day -- no pressure here -- walmart is launching a strike on the american consumer. black friday will start thanksgiving thursday. courtney reagan starts our coverage. so no lingering over the pumpkin pie. >> no time for that, sue. back friday's just 15 days away. retailers are already trying to one-up each other kicking offer the holiday shopping event even earlier. walmart will begin its black friday door busters at 8:00 p.m. thursday with a full week of savings to follow. the full event begins at 10:00 p.m. world's largest r
the fiscal cliff. we've got some news on possible cuts by the ratings agencies. that is ahead. >>> and, you know the chart. down another $12 today. apple near bear market territory over the past two months, almost down 20%. now things just got a little worse and it all has to do with the iphone. are those lines about to vanish? sue is here with me today at headquarters in snowy ec. >> it's my lucky day. the countdown to christmas is on. you know it, i know it and perhaps more...
134
134
Nov 15, 2012
11/12
by
CNBC
tv
eye 134
favorite 0
quote 0
the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during the recovery than they did during the preceding recession. 4.8% down versus 2.7% down. unemployment is higher now than when the president first took office. what's made people feel good is a rising stock market. they felt wealthier. now with all these big tax increases coming on on capital gains and dividends, people don't feel that anymore. the significance of this poll, larry, is it's the first poll taken after the election. and the rhetoric has been very strong, also from harry reid. remember, when it looked like romney might win, he said there's going to be in reaching across the aisle. that's what harry reid said. >> i assumed all along that congress, in its wisdom, cannot be so stupid as to let all the tax cuts expire on december 31st. they cannot be so stupid. it's jus
the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during the recovery than they did during the preceding recession. 4.8% down versus 2.7% down. unemployment is higher now than when the president first took office. what's made people feel good is a rising stock market. they felt wealthier. now with all these big tax...
208
208
Nov 7, 2012
11/12
by
CNBC
tv
eye 208
favorite 0
quote 0
our leaders have an opportunity to create a clear path, that means decisions on the fiscal cliff, where will tax rates be in 2013? where will government spending be deployed and where will it be cut? in his victory speech earthquake the president said we had much to do and look forward to he said we are not as partisan as the campaign made it seem. now he has to prove it and so do the republicans a little more than an hour ago on this show, gop house speaker john boehner laid out the parameters for a deal, tax reform for more revenues but the devil, of course is in the details and both sides will have to bend. as anyone on wall street will tell you can the best deals are the ones where both sides are a little something to be a little unhappy about. it is pastime to rise above the politics and lead. america will be watching. before we go, take a look at the day on wall street. it was a tough one actually, the dow jones industrial average ended down 312 points on the worry over increased taxes, worry over europe and, of course what comes next with president obama in the white house in ter
our leaders have an opportunity to create a clear path, that means decisions on the fiscal cliff, where will tax rates be in 2013? where will government spending be deployed and where will it be cut? in his victory speech earthquake the president said we had much to do and look forward to he said we are not as partisan as the campaign made it seem. now he has to prove it and so do the republicans a little more than an hour ago on this show, gop house speaker john boehner laid out the parameters...
53
53
Dec 13, 2012
12/12
by
CNBC
tv
eye 53
favorite 0
quote 0
federal raise rates which is also fiscal tightening. so we have three options, tightening, tightening or tightening. >> well i tend to think that near term prospects of things getting so good that the fed would raise rates is pretty remote. though i do agree with steve's statement. that statement yesterday introduced a whole new level of ambiguity. and while i don't understand is, where did the -- where did their commitment to 2015 go? you may -- they make decisions -- >> the tendency projection between 6 and 8% in 2015 so they just swap one number for the other. >> i understand. but the thing is, if the feds, if dr. bernanke's policy is one that encourages more transparency from the fed and they are going to use this means of communication, then have you to be consistent. the minute we aren't consistent on that -- >> back to the original question, what does it maeb ean terms of prediction for 2013? >> don't ignore her. >> i am not used to being ignored. >> really, tie it all in. >> basically when you are facing a world -- let me back u
federal raise rates which is also fiscal tightening. so we have three options, tightening, tightening or tightening. >> well i tend to think that near term prospects of things getting so good that the fed would raise rates is pretty remote. though i do agree with steve's statement. that statement yesterday introduced a whole new level of ambiguity. and while i don't understand is, where did the -- where did their commitment to 2015 go? you may -- they make decisions -- >> the...
157
157
Jan 4, 2013
01/13
by
CNBC
tv
eye 157
favorite 0
quote 0
. >> quick 30-second take on this fiscal cliff bill, the top tax rate was raised. what's -- how is it going to affect the economy? >> well, the bill is terrible, larry. i mean, it really is bad. the top rates being raised is terrible. i think all the junk they put in there, the -- you know, the payoffs and all that stuff are just amazing. but it's a deal, it's done. it's in place. now we have to live with the rest of the year. i think what you're going to find is a lot of people try to shift income out of 2013 into 2012. i think that will make the last quarter of 2012 look pretty good. but by the time we -- right now we're in 2013, i think you'll see a sharp falloff in real gdp in the u.s. i think it will be a bad year. >> income switching. the fed is going to keep pumping the money in because they'll see a lousy first quarter. >> boy, i hope he's right though. >> he should be right. >> yes, he should be. >> fed hasn't done the right thing in how many years. arthur, let me ask you this. you heard this story about corporate corruption and corporate welfare from the
. >> quick 30-second take on this fiscal cliff bill, the top tax rate was raised. what's -- how is it going to affect the economy? >> well, the bill is terrible, larry. i mean, it really is bad. the top rates being raised is terrible. i think all the junk they put in there, the -- you know, the payoffs and all that stuff are just amazing. but it's a deal, it's done. it's in place. now we have to live with the rest of the year. i think what you're going to find is a lot of people try...
81
81
Dec 27, 2012
12/12
by
CNBC
tv
eye 81
favorite 0
quote 0
probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> coming up, we'll see how correct or in correct our predictions were for this year. we'll check in on commodities. we've also got a mystery panel today. it is a retail stock that has not had a down q1 for the past nine years. that
probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an...
150
150
Jan 7, 2013
01/13
by
CNBC
tv
eye 150
favorite 0
quote 0
a lot of people delayed spending because of the fiscal cliff uncertainty. interest rates are still too low for them to make a lot of money. but that may be changing. that's the good news here. here's the biggest issue here. good news here. credit quality continuing to improve. commercial loan growth continuing to improve. isi had a report out that this morning. mortgage bank and revenue continuing to improve. the biggest problem i can see for the banks is the prices. bank index was up 6% last week, outperforming the s&p 500. last year the bank index was up 30%, twice the growth of the s&p 500. a lot of the big banks are trading at full price to book multiples. they were as low as 0.6% at one point. bank of america is at a new high today. that's the big issue right now that you're going to see. that's going to be the headwinds going into the earnings reports. speaking of bank of america, i know you guys have commented on this, but i just have to say, this amazing settlement with them is a real positive. they got everything behind them. here's what's really a
a lot of people delayed spending because of the fiscal cliff uncertainty. interest rates are still too low for them to make a lot of money. but that may be changing. that's the good news here. here's the biggest issue here. good news here. credit quality continuing to improve. commercial loan growth continuing to improve. isi had a report out that this morning. mortgage bank and revenue continuing to improve. the biggest problem i can see for the banks is the prices. bank index was up 6% last...
184
184
Jan 2, 2013
01/13
by
CNBC
tv
eye 184
favorite 0
quote 0
the deficit went frabout 1% a yr taken off or applied to fiscal cli cliff -- fiscal austerity. a little bit more fiscal austerity for 2013 is nothing new to this recovery. what you need to focus in is stimulus hitting. we have record low mortgage rates helping refis and housing activities. we still have a dollar now down 10% from the recovery cycle highs and 5% from summer highs. we have gas prices at the pump at their lowest levels of the year. inflation, 2% lower than a year ago. fall. that's a lot of positive stimulus. and china -- >> not to mention the fed and everything they're doing. >> yeah. i just think china, which was a huge problem this last year was weakness in the emerging world, putting down manufacturing sector. now, it's reviving bringing manufacturing back. think about 2013 will be the first year of the recovery, becky, we have rising housing activity and rising manufacturing activity at the same time. as far as this fiscal cliff affecting us, where is that? consumer confidence is at a five year high right now. they're stepping up, as steve just said, and buyin
the deficit went frabout 1% a yr taken off or applied to fiscal cli cliff -- fiscal austerity. a little bit more fiscal austerity for 2013 is nothing new to this recovery. what you need to focus in is stimulus hitting. we have record low mortgage rates helping refis and housing activities. we still have a dollar now down 10% from the recovery cycle highs and 5% from summer highs. we have gas prices at the pump at their lowest levels of the year. inflation, 2% lower than a year ago. fall. that's...
221
221
Jan 15, 2013
01/13
by
CNBC
tv
eye 221
favorite 0
quote 0
they would allow some tax rates to go up after the fiscal cliffs happen and now he's saying to himself, the republicans did that on taxes. let me see if i can get more taxes and revenue as part of the debt ceiling. this is a political game he's playing. >> kate, i have to tell you, i goes 30 seconds. you said it first. gop needs a clear message, don't they? a clear message. >> they better get one really fast, larry, because what the -- what the president does terrifies them when he threatens to blame them. when he says that they hate all of these different interest groups, women, poor people, that is so effective. we need the real courageous conservatives, where is paul ryan? you said it earlier, where is marco rubio, where are the articulate champions of smaller government and economic prosperity? they need to get out in front. >> i'll tell you what else, kate, they need a growth message. economic growth because i'm sorry, blake, but we're still plugging along at 2%. and it's not good. and the president can't keep blaming george w. bush. blake zeff, kate obenshain, robert costa. we'll
they would allow some tax rates to go up after the fiscal cliffs happen and now he's saying to himself, the republicans did that on taxes. let me see if i can get more taxes and revenue as part of the debt ceiling. this is a political game he's playing. >> kate, i have to tell you, i goes 30 seconds. you said it first. gop needs a clear message, don't they? a clear message. >> they better get one really fast, larry, because what the -- what the president does terrifies them when he...
41
41
Jan 10, 2013
01/13
by
CNBC
tv
eye 41
favorite 0
quote 0
cliff is somewhat telling. but they call them in the clinton administration are getting warmed up and you move up the dispount rate and move the price down for shares. so you know, i prepare for the -- i hope for the best and prepare for the worst but we will see. >> hope for the best and prepare for the worst. let's talk about that craig. if you say you use volatility to pick up great businesses, what exactly are you picking up? we can't control events but we can use the dips to buy good things. >> there are a number 6 things. people might think i'm nuts here but one of our favorite areas of the airlines. airlines if you ask 99 in -- a hundred investment professionals, 99 will say no way and most people will say they are just trades. but we think there's a real change in the airline business. and we also a big stake in u.s. air. we have doubled our money. i think we will double it a from here. you will see u.s. air stocks around 15 next year so trading about five times earnings. same with delta. almost the exa
cliff is somewhat telling. but they call them in the clinton administration are getting warmed up and you move up the dispount rate and move the price down for shares. so you know, i prepare for the -- i hope for the best and prepare for the worst but we will see. >> hope for the best and prepare for the worst. let's talk about that craig. if you say you use volatility to pick up great businesses, what exactly are you picking up? we can't control events but we can use the dips to buy good...
84
84
Jan 3, 2013
01/13
by
CNBC
tv
eye 84
favorite 0
quote 0
cliff and hiring is probably been pulled back, so, we're expecting a number between 150 and 170. we also see an uptick in the unemployment rate from 7.7 to 7.8, because of people getting back into the labor force. looking further ahead, though, we think things are looking up for the rest of the year. >> very good. thank you, gentlemen, for your thoughts on what will be an important day tomorrow. join us tomorrow. we have erskine bowles himself with his first public comments on the tax deal. thank you for joining us. >> thank you for having me. >> "fast money" starts right now. >>> live from the nasdaq market site in new york city, i'm melissa lee. here are tonight's top three trades. first, credit crunch. is the consumer finally tapped out? we are trading the bill retail moouflers with citi's top analyst. correction protection. should you be bracing for a pull back? why the chargts say buyer beware. and pretty con computers will be able to smell and touch. head of innovation reveals what a smarter planet will look like. first, we have to get to today's action. stocks selling out
cliff and hiring is probably been pulled back, so, we're expecting a number between 150 and 170. we also see an uptick in the unemployment rate from 7.7 to 7.8, because of people getting back into the labor force. looking further ahead, though, we think things are looking up for the rest of the year. >> very good. thank you, gentlemen, for your thoughts on what will be an important day tomorrow. join us tomorrow. we have erskine bowles himself with his first public comments on the tax...
172
172
Dec 27, 2012
12/12
by
CNBC
tv
eye 172
favorite 0
quote 0
not in the health and maturity -- >> not the fiscal cliff? >> no, i'm just talking about interest rates. >> anything happening if we go through? you know it's coming up, monday is new year's eve. >> it will hurt the economy which will hurt banks. but banks have rallied, i think, mostly because of the fed. they have cash flow, they were underperforming assets. allocations were very low on financials. so we've come back. that's the first point. but i really don't see huge volume growth in the industry. if we have mid single digit revenue growth next year for all banks, that would be good. i think credit costs will keep coming down. that's what's been driving the increase in operating margins in the industry. just falling -- go when does that reverse itself? >> well, i don't think it does. we're at about 1.1% charge off the total loans. it was twice that a year ago. we have peaked up in the fours. so we're in much better shape. but remember the industry is only making 1% return on assets. most banks are 70% to 80% loan. so if you're still chargi
not in the health and maturity -- >> not the fiscal cliff? >> no, i'm just talking about interest rates. >> anything happening if we go through? you know it's coming up, monday is new year's eve. >> it will hurt the economy which will hurt banks. but banks have rallied, i think, mostly because of the fed. they have cash flow, they were underperforming assets. allocations were very low on financials. so we've come back. that's the first point. but i really don't see huge...
126
126
Dec 13, 2012
12/12
by
CNBC
tv
eye 126
favorite 0
quote 0
boehner made comments about the continues impasse in trying to resolve the fiscal cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving down right after we saw mr. bernanke give his press conference. we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something folks, september 14 is the high for the s&p this year. you know why that is important in september 13 is the fed meeting. they bought into the fed meeting and sold right after that, sue. and they are doing that again today. we are repeating what happe
boehner made comments about the continues impasse in trying to resolve the fiscal cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still...
203
203
Nov 8, 2012
11/12
by
CNBC
tv
eye 203
favorite 0
quote 0
if there's a fiscal cliff issue and tax rates go up, cramer called it an ultimate fiscal cliff stock this mitt romneying. do you think it's more about macro cliff concerns than the pop line that jobs left behind? >> i think it's both. i think it's definitely as the largest stock in the world as we get towards the year end and concerns about taxes, increasing and so forth. i think it does make sense that people are going to try to take some of the gains that they have had year to date off the table and there's just chatter about the fundamental operation of the company. now, i'm not one that buys in to any of those fundamental arguments against the company. you know? i take issue with that and the other side of the trade. but, you know, i think it's both weighing on the stock. >> i think it's important for investors out there to understand where you're coming from, eric. that's the cost basis. what's been the cost basis on apple and assuming you bought it a while ago and added to the positions lower than levels right now. would you yourself be inclined to take money off the table to p
if there's a fiscal cliff issue and tax rates go up, cramer called it an ultimate fiscal cliff stock this mitt romneying. do you think it's more about macro cliff concerns than the pop line that jobs left behind? >> i think it's both. i think it's definitely as the largest stock in the world as we get towards the year end and concerns about taxes, increasing and so forth. i think it does make sense that people are going to try to take some of the gains that they have had year to date off...
522
522
Jul 24, 2013
07/13
by
CNBC
tv
eye 522
favorite 0
quote 0
fiscal cliff. oil prices. european debt. interest rates, geopolitical pressures and low market volume. >> throw in emerging markets into your bucket. >> yeah, well, emerging markets, too. like i said, it's just off the top of my head. out of all of the things, the only thing that slowed this market down, and just temporarily, was the taper, and that's the worst reason of all to slow the market down. the last thing was low market volume. we know it's been positive for the market. >> mm. >> so you just look -- i mentioned yesterday about apple earnings, i thought they came out positive, that would give a lift to the nasdaq, which is underperforming. i don't know. i'm stumped. >> you want to slow the market down, jeff, look what happened today. look at the yield on the 10-year. put up the 10-year yield. all day long, whenever the 10-year was moving up, the market either went down or sideways at best. >> yeah. >> that's what's will slow the market down. >> that's true. at 2.75%, larry said 3.5%. >> i would throw this out, if you
fiscal cliff. oil prices. european debt. interest rates, geopolitical pressures and low market volume. >> throw in emerging markets into your bucket. >> yeah, well, emerging markets, too. like i said, it's just off the top of my head. out of all of the things, the only thing that slowed this market down, and just temporarily, was the taper, and that's the worst reason of all to slow the market down. the last thing was low market volume. we know it's been positive for the market....
19
19
Nov 8, 2012
11/12
by
CNBC
tv
eye 19
favorite 0
quote 0
but you can say you are freaked out about the fiscal cliff, higher dividend or capital gains tax rates or maybe even greece. but are these really reasons not to own stocks? let's bring in craig hodges, co-portfolio manager of the hodges fund, as well as peter tuse. if capital gains rates go up in january, why wouldn't i buy stocks aggressivelily now and sell toward the end of the year? why sell now? >> there's a lot of cross currents. people are positioning. i think that's what you're seeing in the market, is people positioning for i guess the new world and it is likely that the -- that capital gains and dividend taxes are going to go up. we've talked at the hodges funds to several of our companies and a lot of them are actually having special meetings between now. a lot of them schedule them for right after the election to actually have a dividend strategy for the remainder of the year. if you're sitting on a lot of cash and you eventually want to return it to shareholders between now and december 31st is the time to do that. i think you'll see a lot of special dividends between now a
but you can say you are freaked out about the fiscal cliff, higher dividend or capital gains tax rates or maybe even greece. but are these really reasons not to own stocks? let's bring in craig hodges, co-portfolio manager of the hodges fund, as well as peter tuse. if capital gains rates go up in january, why wouldn't i buy stocks aggressivelily now and sell toward the end of the year? why sell now? >> there's a lot of cross currents. people are positioning. i think that's what you're...
183
183
Dec 11, 2012
12/12
by
CNBC
tv
eye 183
favorite 0
quote 1
we are in washington holding lawmakers' feet to the fire on the fiscal cliff. it had been quite a busy morning. here's what we now know. we're expecting house speaker boehner to give us an update on the fiscal cliff negotiations at any minute. in have been sberp rating the previous silence from the administration and speaker's office as a good sign real progress was being made. from what we have heard from our guests so far this morning there's a general sense of optimism a deal will be reached. perhaps not in a forum that's widely expected. that optimism seemingly reflected in the markets. we are up more than 100 point ossen the dow. >> i'm maria bartiromo along with brian sullivan. representative patrick mchenry, republican from north carolina. good to have you on the program. thanks for joining us. let's talk about where we are. what would you say? where are we in terms of a deal? >> not as bad as last week and not as bad as the week before. not really in a great position to get things done. the president's more interested in campaigning around the country a
we are in washington holding lawmakers' feet to the fire on the fiscal cliff. it had been quite a busy morning. here's what we now know. we're expecting house speaker boehner to give us an update on the fiscal cliff negotiations at any minute. in have been sberp rating the previous silence from the administration and speaker's office as a good sign real progress was being made. from what we have heard from our guests so far this morning there's a general sense of optimism a deal will be...
152
152
Dec 1, 2012
12/12
by
CNBC
tv
eye 152
favorite 0
quote 0
. >> and don luskin, is it better to own bonds during this fiscal cliff tiff? >> yes, december is the time to be risk off folks. the market's in complete denial. total complacency. the fiscal cliff will create a crisis like the debt ceiling negotiation did that led to the bottom 16 months ago. going to be another buying opportunity. but stocks will be significantly lower. by the way that's what creates buying opportunities. but face it it's going to happen. >> jim la camp, will the stock market vigilantes be necessary to get an agreement in washington? >> i think we're going to see more volatility. >> don and jim, thanks very much. >>> up next why the biggest headache right now for a baseball general manager might just be taxes and the fiscal cliff. don't tell me taxes don't matter. it even affects baseball all next on "kudlow." >>> dominos have a problem with obama care. they claim it forces them to post signs with nutritional information on every product. domino's says it's done the math. there are 34 million possible combinations costing thousands of dollars
. >> and don luskin, is it better to own bonds during this fiscal cliff tiff? >> yes, december is the time to be risk off folks. the market's in complete denial. total complacency. the fiscal cliff will create a crisis like the debt ceiling negotiation did that led to the bottom 16 months ago. going to be another buying opportunity. but stocks will be significantly lower. by the way that's what creates buying opportunities. but face it it's going to happen. >> jim la camp,...
103
103
Jan 2, 2013
01/13
by
CNBC
tv
eye 103
favorite 0
quote 0
after congress averted the fiscal cliff, strong gains across the board. look at the nasdaq up around 2.4%. high end dividend stocks moving higher. the tax rate more or less stayed the same. cisco up nearly 3%. apple shares moving higher. there is a tech blog that says that apple is working on the iphone 6 as well as new operating system for the ipad and iphone. can you see the stock moving higher. that report helping speculative suppliers moving higher. take a look at nuance. mobile chip maker qualcomm also posting gains up nearly 4%. back to you. >> seema, thank you very much. >>> gold prices closing down. tracking the action over at nymex, over to you. >> thank you. we are looking at $13 gain in the price of gold right around 1688 an ounce and it is near a two-week high right now. keep in mind as we have this fiscal cliff deal averted, the rally is not only if gold but in silver as well leading gains in the metals market up nearly 3% and copper is getting a boost as well from positive manufacturing data out of china. hsbc purchasing managers. that numbe
after congress averted the fiscal cliff, strong gains across the board. look at the nasdaq up around 2.4%. high end dividend stocks moving higher. the tax rate more or less stayed the same. cisco up nearly 3%. apple shares moving higher. there is a tech blog that says that apple is working on the iphone 6 as well as new operating system for the ipad and iphone. can you see the stock moving higher. that report helping speculative suppliers moving higher. take a look at nuance. mobile chip maker...
186
186
Jan 2, 2013
01/13
by
CNBC
tv
eye 186
favorite 0
quote 0
and yet that was in the face of the fiscal cliff. so you might have expected a deterioration. but you don't. >> definitely better. now it's just a question of trying to deal with how everything in the cliff, the higher tax rates, how these are all going to figure into economic horsepower and jobs. even though tomorrow and friday, we have some jobs numbers coming out that will probably be a little too early to judge the effects. >> rick, thank you very much. >> let's take a look at the markets. major reaction to the fiscal cliff being averted. at this point, the dow is posting its biggest first-day gain in many years. the biggest gain was 258 points in 2008, in the past four years. we're above that with a 265-point gain. the nasdaq highest interday gain in six months. a number of subsectors reaching 52-week highs or more. defense for one. averting for now the sequester. the defense index adding a 52-week high. and i think you mentioned the transports, too. >> the transports are at a multi-year high. and the dow has not fallen on the first trading day of the year since 2005 when
and yet that was in the face of the fiscal cliff. so you might have expected a deterioration. but you don't. >> definitely better. now it's just a question of trying to deal with how everything in the cliff, the higher tax rates, how these are all going to figure into economic horsepower and jobs. even though tomorrow and friday, we have some jobs numbers coming out that will probably be a little too early to judge the effects. >> rick, thank you very much. >> let's take a...
47
47
Jan 2, 2013
01/13
by
CNBC
tv
eye 47
favorite 0
quote 0
i had no problem how we dealt with the fiscal cliff. i think the tax rates on the wealthy ought to have gone up and did go up. we're doing nothing on the expenditure side. you can take all the money the wealthy people have and still not deal with fiscal problems. we need entitlement reform, we need to basically reduce government expenditures. need we have to resort to back taxes because there's not enough to deal with the problems we have. in the world we are in we have to make distinguishing judgments. i'd rather take my chance in equity than i would in a fixed income instrument at the present time. >> let me turn to a judgment that you recently made on apple, the most valuable company in the world, a stock that's probably the most widely owned stock in the world as well. you sold down the position in apple and you say you prefer qualcomm to apple at this point. first off, why did you lose some faith in apple? >> i didn't lose faith but in nature we pay attention to the market and didn't like the way it was acting, to be honest it was
i had no problem how we dealt with the fiscal cliff. i think the tax rates on the wealthy ought to have gone up and did go up. we're doing nothing on the expenditure side. you can take all the money the wealthy people have and still not deal with fiscal problems. we need entitlement reform, we need to basically reduce government expenditures. need we have to resort to back taxes because there's not enough to deal with the problems we have. in the world we are in we have to make distinguishing...
223
223
Jan 3, 2013
01/13
by
CNBC
tv
eye 223
favorite 0
quote 0
must do more than the recently passed fiscal cliff measures if the country is to deal with its ratings outlook. the new congress will be sworn in today at noon eastern time. the 113th congress takes its oath with 56 new democrats and 38 new republicans. in the house, john boehner is expected to be re-elected speaker today. a lot of intrigue around that. speaker boehner has already announced one of the first pieces of business for the new congress. he set a timetable to approve a $60 billion package for superstorm sandy relief. the house will vote on friday for a $9 billion down payment for storm-related support to the national flood insurance program. there will be then a second vote on january 15th on the $51 billion remainder of the sandy disaster aid package that was approved last week in the senate. boehner's announcement coming after fellow republicans loudly criticized the cancellation of an earlier vote. >> this is 66 days and the wait continues. there is only one group to blame for the continued suffering of these innocent victims. the house majority and their speaker, john boe
must do more than the recently passed fiscal cliff measures if the country is to deal with its ratings outlook. the new congress will be sworn in today at noon eastern time. the 113th congress takes its oath with 56 new democrats and 38 new republicans. in the house, john boehner is expected to be re-elected speaker today. a lot of intrigue around that. speaker boehner has already announced one of the first pieces of business for the new congress. he set a timetable to approve a $60 billion...
86
86
Jan 2, 2013
01/13
by
CNBC
tv
eye 86
favorite 0
quote 0
>> with the fiscal cliff, hadn't we gotten a deal? sho >> shup that result under upgrade? >> there are various elements they look at in determining a rating. one is the economic outlook. the dern was -- >> for a year -- >> rights. so no, you wouldn't upgrade it when going into recession. >> negative outgoing for aej inhe ises. thank you so much for keeping you are eye on that. well revisit all this in a couple of month's time. don't take off the pins guys. >>> up next, street talk rally edition. should you get in on the studs or duds? [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. i honestly loved smoking, and i
>> with the fiscal cliff, hadn't we gotten a deal? sho >> shup that result under upgrade? >> there are various elements they look at in determining a rating. one is the economic outlook. the dern was -- >> for a year -- >> rights. so no, you wouldn't upgrade it when going into recession. >> negative outgoing for aej inhe ises. thank you so much for keeping you are eye on that. well revisit all this in a couple of month's time. don't take off the pins guys....
66
66
Jan 7, 2013
01/13
by
CNBC
tv
eye 66
favorite 0
quote 0
i think there is another regard to the fiscal cliff issue, giving this market support and at least modest attractiveness. that is that we are in a situation, i think it is significant that you didn't see the tax rates go up significantly on dividends. you are at 20%. and if you are below $450,000 in income you stay at 15. so i think when you look at the yields, look at dividend plays. people are still looking for income. not getting in the bond market and even though it might not be a dramatic driver, i think it is going to give us more support in this overall market as people look for income. >> i hear you, matt, about points you made. if we waited for d.c. to get its act together we should have never invested in stocks for the history of the united states probably. >> that's a great point, brian. this one is real. this is a big issue here. and i think if people need to be invested in stocks, i absolutely agree. dividends will work better than anything else out under. >> my point is this, though, matt. but you know what is bigger? the bond market. if the fed raises rates, couldn't that b
i think there is another regard to the fiscal cliff issue, giving this market support and at least modest attractiveness. that is that we are in a situation, i think it is significant that you didn't see the tax rates go up significantly on dividends. you are at 20%. and if you are below $450,000 in income you stay at 15. so i think when you look at the yields, look at dividend plays. people are still looking for income. not getting in the bond market and even though it might not be a dramatic...
112
112
Jan 4, 2013
01/13
by
CNBC
tv
eye 112
favorite 0
quote 0
i suppose fiscal cliff were related. do you think 2013 is the year interest rate move higher? >> i don't think you will see a dramatic move higher. the only way you will get a dramatic move in interest rates is if the economy accelerates. i think that is difficult with the debt ceiling debate, which will be very uncomfortable in about four or five weeks. so no, i don't think we will see this things run away from us. >> also, higher taxes imbedded in the fiscal cliff resolution and probably the prospect of more either tax increases or spending cuts as head winds for the economy. what kind of growth are you looking for? >> we're looking as a shop for 2.3% growth but base lick icall anemic growth environment. when we look at the jobs report and isms, what we care about, is once people see less money in their paycheck, then what do we do? when we see them pull back, you will see the economic data pull over. that is a more important thing. >> i want to read from your report this morning and you say here, we believe that the trends we think will happen will be -- will produce mid si
i suppose fiscal cliff were related. do you think 2013 is the year interest rate move higher? >> i don't think you will see a dramatic move higher. the only way you will get a dramatic move in interest rates is if the economy accelerates. i think that is difficult with the debt ceiling debate, which will be very uncomfortable in about four or five weeks. so no, i don't think we will see this things run away from us. >> also, higher taxes imbedded in the fiscal cliff resolution and...
128
128
Jan 11, 2013
01/13
by
CNBC
tv
eye 128
favorite 0
quote 0
what comes out of this whole fiscal cliff debate is the muni asset class emerges the best. tax deductibility looks more attractive and higher tax rate environment and threat of losing that tax deductibility because of fundamental tax reform depends on your odds of what you think will happen. i think the odds have gone down dra matlick so we push push tth threat off into the future. >> trif ib, jeff, thanks so much. good to see you again. ty, you are up-to-date. you got it first here on "power lunch." >> thanks, sue. our guest just spoke about the housing recovery. what does it mean for the mortgage boom? there are clues in wells fargo's earnings today. kayla. >> in the nation's largest housing provider is about as good an indicator as you can get. the bank's fourth quarter showed a slow down in mortgage origination in addition to attracting margins but more importantly the pipeline for upcoming mortgages drop to $81 for 97 billion in q3 and over a hundred billion in q2. could there be a slow down ahead in cfo tim sloan is asked exactly that. >> we would expect to benefit fr
what comes out of this whole fiscal cliff debate is the muni asset class emerges the best. tax deductibility looks more attractive and higher tax rate environment and threat of losing that tax deductibility because of fundamental tax reform depends on your odds of what you think will happen. i think the odds have gone down dra matlick so we push push tth threat off into the future. >> trif ib, jeff, thanks so much. good to see you again. ty, you are up-to-date. you got it first here on...
34
34
Mar 1, 2013
03/13
by
CNBC
tv
eye 34
favorite 0
quote 0
but maybe issues carry over from the fiscal cliff aefr and pulling some forward. interest rates are down 11 basis points on the week and ten-year here where we see the eurozone down 16 basis points. without a doubt, star chart and start of the week in my book is the doll aftdollar index. up almost a full penny on the week. best level since august of last year and not necessarily since the dollar is great but because triple and yen catching back into a wave of selling. all making the dollar as they used to say, the cleanest shirt. and a very dirty closet. >> i think we also say the winner of the ugly contest. thank you, for that, rick santelli. enjoy your weekend. t minus ten hours until the sequester kicks in and finger-pointing continues. let's get to john howard with where things are standing. john? >> the sequester everybody agree says nuts, crazy, insane, makes no sense. it is still insane even after president obama met with buy partisan congressional leadership. he came out after the meeting, tried continued his effort to put public pressure on republicans. b
but maybe issues carry over from the fiscal cliff aefr and pulling some forward. interest rates are down 11 basis points on the week and ten-year here where we see the eurozone down 16 basis points. without a doubt, star chart and start of the week in my book is the doll aftdollar index. up almost a full penny on the week. best level since august of last year and not necessarily since the dollar is great but because triple and yen catching back into a wave of selling. all making the dollar as...
168
168
Dec 3, 2012
12/12
by
CNBC
tv
eye 168
favorite 0
quote 0
the impact of the fiscal cliff solution on that broader growth instead of focusing so much on what the tax rates will do. >>> coming up next, spy games. america's doubling its overseas spy network.cost coming up. >>> a prescription to sell. we have an analyst who's making a big call after a 60 minutes report last night made a big claim about a big hospital chain. that's ahead. >>> it is "street talk" time. happy monday, everybody. let's take a look first of all at what's happening with research in mission. this stock is down, on quite a roller coaster recently. >> downgraded to a sell from a hold. canaccord doesn't see consumer poll necessary for the blackberry 10 to reverse the overall. they say blackberry 140 won0 wo a bust but it won't be enough to move the ship in the right direction. rim stock is up 53% since october 1st. >> but still down 20% year to date. >> it's coming back. >>> josh brown may win the stocks draft just yet. >>> deckers stock bolting higher, all down to sparkling leopard print uggs. >> stern ag hiked the rating to buy from neutral. set a $65 price target. they s
the impact of the fiscal cliff solution on that broader growth instead of focusing so much on what the tax rates will do. >>> coming up next, spy games. america's doubling its overseas spy network.cost coming up. >>> a prescription to sell. we have an analyst who's making a big call after a 60 minutes report last night made a big claim about a big hospital chain. that's ahead. >>> it is "street talk" time. happy monday, everybody. let's take a look first of...
143
143
Nov 10, 2012
11/12
by
CNBC
tv
eye 143
favorite 0
quote 0
put the two together and you avoid going over the fiscal cliff. >> very bullish, senator kyl. very, very bullish. thank you, sir. appreciate it, as always. the congressional budget office says that marginal tax rate hikes will not hurt economic growth, but a lot of people disagree, including me. >> let's bring in our distinguished guest. chadburnestein and former vice president biden chief economist and art lafer, former reagan economic adviser. raise tax rates on the wealthy won't damage the economy. do you agree with that? >> i don't at all, larry. i think it is silly. it will not only hurt the economy, they won't get the revenues they want and it's just a silly way to go. you can't love jobs and hate job creators, frankly, and by the way, jared, congratulations. >> thank you, art. that's nice of you. well, look, i've enjoyed all of the conciliatory talk i've heard so far. in fact, we've done this on other nights, as well. i do feel there's compromise in the air and art, it's always good to hear you in that spirit. i will say this. the president won the election and 2 percen
put the two together and you avoid going over the fiscal cliff. >> very bullish, senator kyl. very, very bullish. thank you, sir. appreciate it, as always. the congressional budget office says that marginal tax rate hikes will not hurt economic growth, but a lot of people disagree, including me. >> let's bring in our distinguished guest. chadburnestein and former vice president biden chief economist and art lafer, former reagan economic adviser. raise tax rates on the wealthy won't...
78
78
Dec 13, 2012
12/12
by
CNBC
tv
eye 78
favorite 0
quote 0
we're looking at the fiscal cliff and austerity and he's doing what he can just to keep this thing afloat and to not go back into a recession. i think rates stay low for an extended period of time. i don't know if we get to 6.5% next year or in two years from now, but that's not -- it's not going to be like all of a sudden we get to 6.5 and bam, he lifts -- he stops what he's doing. i think that they're going to take into account a lot of what's going on in the economy. and we'd better see some pickup in a lot of different fronts for them to actually stop these programs. >> liesman's here. he's typing away as each of you were giving the answer. so who's right, steve? the market seems to be perplexed here because the stock market sold off during the news conference that you were at. and got your three questions in, by the way, i think at the top. and then it's down again today at the lows of the day. >> you know, it's interesting, should i be grade being the students or grading the professor? i guess that's the question i have. in a sense, they get to always be right in the following way.
we're looking at the fiscal cliff and austerity and he's doing what he can just to keep this thing afloat and to not go back into a recession. i think rates stay low for an extended period of time. i don't know if we get to 6.5% next year or in two years from now, but that's not -- it's not going to be like all of a sudden we get to 6.5 and bam, he lifts -- he stops what he's doing. i think that they're going to take into account a lot of what's going on in the economy. and we'd better see some...
343
343
Jan 4, 2013
01/13
by
CNBC
tv
eye 343
favorite 0
quote 0
and i agree that the uncertainty, be it the fiscal cliff or the debt ceiling is why the fed took aggressive action, not just in december, but back in september. but i don't think they're going to be able to ease off, really, until the second half of the year and that's provided that the economy continues to improve. >> as a deal has evolved and we've had time to think about it, we did avert the immediate sequester cuts and we averted some of the shock of that. but, you know, you look into the numbers, the details themselves, that huge base, that 98% base that the clinton -- that president clinton was able to work with, that tax base of 98%, that's permanent now. where are we going to get -- the 2%, there's not enough money there to make up for that 98% that we're never going to get again. why would people be looking at this deal and saying, i feel better? >> i think what we've seen this week, whether you're looking at equities or the rise in bond yields is just the sigh of relief. the fact is, you have to talk about spending cuts at some point. it's going to be particularly contentious. and
and i agree that the uncertainty, be it the fiscal cliff or the debt ceiling is why the fed took aggressive action, not just in december, but back in september. but i don't think they're going to be able to ease off, really, until the second half of the year and that's provided that the economy continues to improve. >> as a deal has evolved and we've had time to think about it, we did avert the immediate sequester cuts and we averted some of the shock of that. but, you know, you look into...
201
201
Dec 10, 2012
12/12
by
CNBC
tv
eye 201
favorite 0
quote 0
we've got a fiscal cliff meeting deal here sitting t 50% that we get a deal done. where would you put it at? >> i'm probably more optimistic about that. i'm probably more in the 60/40 range. the speaker's a good negotiator. i think honestly from position of strength on a lot of these things. i think the president takes his job seriously too. going over the fiscal cliff is not good for anyone. it bothers me sometimes if i hear people on both the left and the right entertain this is something that might be good politics. may be good politics for somebody, but it's bad economics for the american economy and more important for people looking for a job and people trying to hold on to a job. >> last question. i want to go back to the premise that you and other republican members of the house would be willing to allow that top tier tax rate to go higher. you know, speaker boehner's argument all this time is that it doesn't effect just those top-earning americans, but it also effects the small business owners in this country. the job creators in this country. >> the speake
we've got a fiscal cliff meeting deal here sitting t 50% that we get a deal done. where would you put it at? >> i'm probably more optimistic about that. i'm probably more in the 60/40 range. the speaker's a good negotiator. i think honestly from position of strength on a lot of these things. i think the president takes his job seriously too. going over the fiscal cliff is not good for anyone. it bothers me sometimes if i hear people on both the left and the right entertain this is...
279
279
Dec 28, 2012
12/12
by
CNBC
tv
eye 279
favorite 0
quote 1
we get through this fiscal cliff stuff. we get back to the business of america's business, interest rates will slowly tick higher and investors that have been buying bond funds the last few years will realize that they're losing money when they see the negative signs in their statements. that is going to be a surprise moment for many investors and we think they'll slowly start coming back into equity funds and we'll start to see the first inflows, namely, a general and strong inflows that we've seen in multiple years. >> we're beginning to see a trickle of that but you think that would accelerate. you say 1575 year end. industrials, energy, and i.t. what is so special about those? >> well, in reverse order, technology really is the cash cow for corporate america. it's really invoked a strong structural change in terms of balance sheet management and cash management but more importantly the earnings consistency. energy, we believe the u.s. is moving more closely toward energy independence over the next three to five years. l
we get through this fiscal cliff stuff. we get back to the business of america's business, interest rates will slowly tick higher and investors that have been buying bond funds the last few years will realize that they're losing money when they see the negative signs in their statements. that is going to be a surprise moment for many investors and we think they'll slowly start coming back into equity funds and we'll start to see the first inflows, namely, a general and strong inflows that we've...
231
231
Jan 3, 2013
01/13
by
CNBC
tv
eye 231
favorite 0
quote 0
of around 7.7%. >> scott brown of raymond james says the fiscal cliff concerns about hiring may have been overdone, while done mitchell of the kato institute says if the u.s. stays on its current path our economy may start to look a lot like europe. both join us now. gentlemen, good afternoon. i guess we'll start just by asking, first of all, scott, what tomorrow's payroll report may look like. >> well, i think, you know, if you look at the numbers we had today, for example, the challenger layoffs, you're still looking at a very low level of job destructions. you see that in the jobless claims as well, but over the last couple of years, job destruction really hasn't been much of a problem for the u.s. economy. really been a lack of new hiring. the adp number came in this morning pretty strong. >> right. >> not really seen as a good predictor of the official bls numbers but does suggest that, you know, there really wasn't any restraint on hiring because of fiscal cliff fears. >> yeah. dan, i heard the analogy made that we're hearding towards a european model. what do you mean specific
of around 7.7%. >> scott brown of raymond james says the fiscal cliff concerns about hiring may have been overdone, while done mitchell of the kato institute says if the u.s. stays on its current path our economy may start to look a lot like europe. both join us now. gentlemen, good afternoon. i guess we'll start just by asking, first of all, scott, what tomorrow's payroll report may look like. >> well, i think, you know, if you look at the numbers we had today, for example, the...
170
170
Jan 4, 2013
01/13
by
CNBC
tv
eye 170
favorite 0
quote 0
we asked labor secretary hilda solis the fiscal cliff had on the jobs number. take a listen. >> i did not see a dramatic impact in this job report. i mean, if you look at unemployment rate, it stayed about the same. what i do think is really important is that we continue to move forward, because we still have unfinished business. >> reaction from jan hatzius from goldman sachs. good to have you. your estimate was actually much higher than what we actually got. 200,000 jobs to be added was your forecast. would you agree with the labor secretary that there was no impact? and do we then make the assumption that fiscal cliff 2.0 as we head into the debt ceiling debate, won't have much of an impact either is this. >> i think probably there probably wasn't a major impact. nothing jumps out. numbers were a little lower than we thought on the headline. there was an upward revision, some of the other details were a little more encouraging. i would say it was a little weaker than we thought. there was not a lot of news here. nothing that looked disturbing in the report.
we asked labor secretary hilda solis the fiscal cliff had on the jobs number. take a listen. >> i did not see a dramatic impact in this job report. i mean, if you look at unemployment rate, it stayed about the same. what i do think is really important is that we continue to move forward, because we still have unfinished business. >> reaction from jan hatzius from goldman sachs. good to have you. your estimate was actually much higher than what we actually got. 200,000 jobs to be...
189
189
Nov 14, 2012
11/12
by
CNBC
tv
eye 189
favorite 0
quote 0
the fiscal cliff may be solved and interest rates, as you say, may indeed go up. >> true. munis are a whole different story. they'll suffer but not as much because of the tax-free nature. if you buy them by themselves, they'll mature. bond funds have no maturity and therein lies the problem. >> thank you, mr. clark. to summarize, go short duration if you're in a fund and try to hedge it with an etf. carl, back to you. >> good advice. european close coming up after a break. don't go away. future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> the european markets are closing now. >> not only a sea of red, simon, but a lot of data out of europe that wasn't encouraging either. >> that's true. for many in financial markets, also the turmoil you see on the st
the fiscal cliff may be solved and interest rates, as you say, may indeed go up. >> true. munis are a whole different story. they'll suffer but not as much because of the tax-free nature. if you buy them by themselves, they'll mature. bond funds have no maturity and therein lies the problem. >> thank you, mr. clark. to summarize, go short duration if you're in a fund and try to hedge it with an etf. carl, back to you. >> good advice. european close coming up after a break....
257
257
Dec 12, 2012
12/12
by
CNBC
tv
eye 257
favorite 0
quote 0
the fiscal cliff has more impact, and it did today. i watched what the markets are doing today. today when bernanke was on, i saw interest rates move up, bond yields move up, highs for the day, and i saw stocks move down. that's kind of the opposite of what bernanke was wanting to have happen. >> right. >> and two things, guys, that did that. number one, he was questioned persistently about the fiscal cliff and had to come out and say what he said before we don't have the tools to deal with it if we go over it. that was a approximate stocks started moving down and secondly, the 6.5% unemployment rate. that's got a lot of people talking down here that we may be closer to that than a lot of people think. >> bob, that's only because people are leaving the workforce. that's how we're going to get there. if everybody decides to stop looking for work and stay home and watch soap operas then we'd have an unemployment rate of zero. >> that could be a factor in their decision making, i'm sure it will be, but i'm using the numbers actually out there, 6.5%. that number may be hit a little
the fiscal cliff has more impact, and it did today. i watched what the markets are doing today. today when bernanke was on, i saw interest rates move up, bond yields move up, highs for the day, and i saw stocks move down. that's kind of the opposite of what bernanke was wanting to have happen. >> right. >> and two things, guys, that did that. number one, he was questioned persistently about the fiscal cliff and had to come out and say what he said before we don't have the tools to...
124
124
Nov 15, 2012
11/12
by
CNBC
tv
eye 124
favorite 0
quote 0
no one has better insight on the fiscal cliff. that's coming up at 4:00. >>> over the past decade, u.s. debt has grown at an average rate of 10% per year. [ male announcer ] introducing the new dell xps 12. part of a whole new line of tablets from dell. it's changing the conversation. ♪ it's changing the conversation. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed
no one has better insight on the fiscal cliff. that's coming up at 4:00. >>> over the past decade, u.s. debt has grown at an average rate of 10% per year. [ male announcer ] introducing the new dell xps 12. part of a whole new line of tablets from dell. it's changing the conversation. ♪ it's changing the conversation. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready...
40
40
Oct 15, 2012
10/12
by
CNBC
tv
eye 40
favorite 0
quote 0
you were talking about the fiscal cliff. it's very hard to handicap this given we have a presidential election and then a lame duck congress. there's about $650 billion of fiscal cuts ready to take place, tax increases and spending cuts. we think it's going to amount to 200, a third of that. i think the market will live through it. one of your speakers made a good point, if it goes down, you know once that hit occurs you will get the bounce on the other side. there's good reason to look through that somewhat, but, yes, if you see those kind of capital gains tax hikes, you will get a hit to the market, no question. it's more a three to six month outlook. >> sound like you have some arm twisting with barry knapp. >> no, he's lacking more tactically. >> i know. good to have you. coming up, does the high speed profit machine need a tune up? what some new numbers suggest. >>> if you're planning a trip to europe, why it may end up being cheaper than you think. more "halftime" is just ahead. those little things still get you. for y
you were talking about the fiscal cliff. it's very hard to handicap this given we have a presidential election and then a lame duck congress. there's about $650 billion of fiscal cuts ready to take place, tax increases and spending cuts. we think it's going to amount to 200, a third of that. i think the market will live through it. one of your speakers made a good point, if it goes down, you know once that hit occurs you will get the bounce on the other side. there's good reason to look through...
165
165
Dec 4, 2012
12/12
by
CNBC
tv
eye 165
favorite 0
quote 0
see what he thinks about the fiscal cliff. >>> later on in the program, with the rush to sell high-end homes to take advantage of this year's lower tax rates, is it a good time now to snap them up? our wealth editor robert frank. plus, our real estate correspondent will tell you what you need to know back half of the show. don't miss it. >>> and here's a lye shot of the street outside the new york stock exchange. christmas tree is right behind the band there. they are ready for the tree lighting ceremony. expect it to take place about an hour from now. we'll take you there live. back in a moment. obligations. obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. music is a universa
see what he thinks about the fiscal cliff. >>> later on in the program, with the rush to sell high-end homes to take advantage of this year's lower tax rates, is it a good time now to snap them up? our wealth editor robert frank. plus, our real estate correspondent will tell you what you need to know back half of the show. don't miss it. >>> and here's a lye shot of the street outside the new york stock exchange. christmas tree is right behind the band there. they are ready...
198
198
Jan 3, 2013
01/13
by
CNBC
tv
eye 198
favorite 0
quote 0
and on the housing, wow, i mean, this is the rally that defies fiscal cliff, defies government spend. it is about what bernanke has done, low rates and aforward ability and they are still affordable, the rates still low. >> spwr, as we go to break, sun power, lazzard, an upgrade today, $11 price target saying a lot of sales visibility. we haven't heard that a lot from the solar power names, figure, hey, why not have sunshine after yesterday's rally, look at spwr. >> when buffett's utility buys projects from this company, that certainly helps. >> does. look at that gain. >> you talk about decker's. i think vf corps will come in and buy dex. >> prediction for 2013. >> on your prediction list? >> it s. >> don't go any wrarks lot more "squawk on the street" ahead. >> coming up, come on in the water is -- well, freezing. don't let that scare you, jim cramer will keep you toasty warm, six stocks in 60 seconds, when "squawk on the street" returns. c'mon dad! i'm here to unleash my inner cowboy... instead i got heartburn. [ horse neighs ] hold up partner. prilosec isn't for fast relief. try a
and on the housing, wow, i mean, this is the rally that defies fiscal cliff, defies government spend. it is about what bernanke has done, low rates and aforward ability and they are still affordable, the rates still low. >> spwr, as we go to break, sun power, lazzard, an upgrade today, $11 price target saying a lot of sales visibility. we haven't heard that a lot from the solar power names, figure, hey, why not have sunshine after yesterday's rally, look at spwr. >> when buffett's...
186
186
Feb 8, 2013
02/13
by
CNBC
tv
eye 186
favorite 0
quote 0
cliff, obama had the upper hand with the fiscal cliff but a big increase would happen automatically. now the republicans have the upper hand. if we do nothing, we finally slightly reduce the growth rate of federal spending. i know it gets jared and the keynesians all upset. it would be good for our economy. >> so far we have cut $1.5 trillion of spending over ten years and raised about $600 billion in taxes. if cutting spending helped the economy, we ought to be doing better than we're doing right now. now, i think you guys have a point about the tax increases. it matters less when you're talking about raising taxes on people who are no income or liquidity constrained, folks at the top the scale. but i take your point. i don't think it makes sense, for example, to say let's not do these cuts, let's do those cuts. i'm not the only one who thinks that. there a lot of republicans -- maybe bob costa, and you may be right. including john mccain who said this morning this is going to cost a million jobs if we do the sequester. i happen to think that's a highest mat but it's not just democr
cliff, obama had the upper hand with the fiscal cliff but a big increase would happen automatically. now the republicans have the upper hand. if we do nothing, we finally slightly reduce the growth rate of federal spending. i know it gets jared and the keynesians all upset. it would be good for our economy. >> so far we have cut $1.5 trillion of spending over ten years and raised about $600 billion in taxes. if cutting spending helped the economy, we ought to be doing better than we're...
233
233
Jan 4, 2013
01/13
by
CNBC
tv
eye 233
favorite 0
quote 0
added 2 million jobs in each of the last two years and the fiscal cliff legislation behind us. the only thing that concerns me is maes what's the foresight for the u.s. credit rating if we don't get a deficit and budget deal but other than that the economy is very healthy. >> you really care about the credit rating? the last time we had a credit rating downgrade, people bought treasuries like crazy and our interest rates went down dramatically. >> that's right. i think that's a real concern though. i think, that you know, we only have a 60-day moratorium on the sequester, and that's not a lot of time, and the only thing we've really addressed is fixing the tax rates which helps investors with certainty around their own tax planning, but beyond that, we've got a lot to do on the budget and the deficit. >> brian, you sunday a little more cautious than these guys, are you? >> just a little bit. i think that the reason for caution is because we do have the march 1st deadline for the quester when that kicks in. there will be debate about that and the debt ceiling in march. there's g
added 2 million jobs in each of the last two years and the fiscal cliff legislation behind us. the only thing that concerns me is maes what's the foresight for the u.s. credit rating if we don't get a deficit and budget deal but other than that the economy is very healthy. >> you really care about the credit rating? the last time we had a credit rating downgrade, people bought treasuries like crazy and our interest rates went down dramatically. >> that's right. i think that's a real...
153
153
Feb 27, 2014
02/14
by
CNBC
tv
eye 153
favorite 0
quote 0
as a result of the fiscal cliff at the end of last year, it was important to keep what we call the distribution lane neutral code, which is top incomes will not get a tax cut. this is still a rate reduction from current law, by the way. it is a surcharge. because it's on a different definition of income. for example, production income, manufacturing, those will all be a top rated 25%. so the op was to get at much income at as lower rate as possible, but there is a surcharge that goes to 35. you know, i don't care really what people call it. >> how about the banks? banks -- the reason i mention the banks is team obama is waging a jihad against banks. banks were bailed out many years ago. team obama, they're going after jpmorgan, after bank of america. why are you piling on with another bank tax? >> look, banks and financial institutions are at 35% rate. we have the highest corporate rate in the world. in the '80s we had the lower rate, now we're at the highest, so we bring the corporate rate down to 25% of the top rate. now financial institutions and banks don't have a lot of other items that yo
as a result of the fiscal cliff at the end of last year, it was important to keep what we call the distribution lane neutral code, which is top incomes will not get a tax cut. this is still a rate reduction from current law, by the way. it is a surcharge. because it's on a different definition of income. for example, production income, manufacturing, those will all be a top rated 25%. so the op was to get at much income at as lower rate as possible, but there is a surcharge that goes to 35. you...
181
181
Jan 2, 2013
01/13
by
CNBC
tv
eye 181
favorite 0
quote 0
taxes on capital gains, only went to 20% from 15%, but the biggest winner in this fiscal cliff deal were the wealthy investors who make their income from dividends. obama proposed taxing dividends at 39.6%. the current rate is 15%. it didn't happen. it only went to 20% so despite all the talk about the buffet rule and the investors playing lower rates than the salaried rich investment income is taxed at half the rate as ordinary income as a result of this deal. last night's deal didn't solve any issues but it made one thing perfectly clear, the tax system still rewards investments and those who make their money from investments rather than the salary salaried investors. >> will the next iphone be as successful as its predecessor? >> not real, really, and if they are right, what happens to the stock? we'll toss that around on the other side of the break. stay tuned. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their famili
taxes on capital gains, only went to 20% from 15%, but the biggest winner in this fiscal cliff deal were the wealthy investors who make their income from dividends. obama proposed taxing dividends at 39.6%. the current rate is 15%. it didn't happen. it only went to 20% so despite all the talk about the buffet rule and the investors playing lower rates than the salaried rich investment income is taxed at half the rate as ordinary income as a result of this deal. last night's deal didn't solve...
147
147
Jul 26, 2013
07/13
by
CNBC
tv
eye 147
favorite 0
quote 0
in the fiscal cliff, mcconnell wants them to stay. >> president obama had every opportunity in that speech he gave on wednesday to reach across the aisle and talk tax reform, right? he's got max baucus, the republican, dave camp, the republican and little groups in both house, bipartisan groups talking tax reform and obama did not do it, robert costa. >> senator mcconnell told me he actually works with vice president biden when he makes these deals. the president just doesn't have the ability to make these grand deals work. >> harry reed and the president apparently want another trillion dollar tax hike. they've raised taxes already by $600 million. what is wrong with harry reed, jessica? why won't they compromise? >> well, it's not as if the republicans are a particularly compromising bunch anyway. but i think the real issue here is the secrecy about this, it's a problem pervasive across washington. it's a public policy issue. why isn't it our right to know what our representatives are in favor of? and we can't afford to have anything, especially on an issue this important go on be
in the fiscal cliff, mcconnell wants them to stay. >> president obama had every opportunity in that speech he gave on wednesday to reach across the aisle and talk tax reform, right? he's got max baucus, the republican, dave camp, the republican and little groups in both house, bipartisan groups talking tax reform and obama did not do it, robert costa. >> senator mcconnell told me he actually works with vice president biden when he makes these deals. the president just doesn't have...
325
325
Oct 1, 2012
10/12
by
CNBC
tv
eye 325
favorite 0
quote 0
this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%. >> let's keep it on topic, we're talking about the payroll tax cult which was done to stimulate payroll and consumption. >> and did nothing. >> i'm sorry, i actually see growth in certain sectors. we started the show talking about how good manufacturing -- you can't have it both ways. >> this has been the two worst recovery years in the history of the united states of america. >> it's stopped contracting. if you believe, i don't, jimmy does, but if you believe the payroll tax cuts stimulate consumption, what are you going to do when it's gone? nancy pelosi was quoted in the "new york times" says she doesn't want to extend
this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%. >> let's keep it on topic,...